PRESS RELEASE
 
 

 

Date: 12/01/2009

HITCO Contact(s):
Dr. Leslie Cohen
HITCO Carbon Composites, Inc.
Tel: +1 (800) 421-5444    Fax: +1 (310) 970-5468

e-mail: cohen.les@hitco.com

Spirit AeroSystems Selects HITCO to Manufacture Composite Beams

Los Angeles, California / Wiesbaden, Germany – December 1, 2009 – HITCO CARBON COMPOSITES, INC (HITCO), Gardena, CA, U.S.A, a subsidiary of the German based SGL Group - The Carbon Group - announced today that it has signed a Long Term Agreement (LTA) with Spirit AeroSystems, Wichita, Kansas, to supply carbon fiber reinforced composite beam components for the Boeing 787 Dreamliner. Spirit has contracted with The Boeing Company to Manufacture the forward fuselage section of the Dreamliner. HITCO has been selected by Spirit to supply the Section 41 Passenger Floor Beams and Cargo Header Beams.

"HITCO's selection as Boeing 2007 Supplier of the Year in the Major Structures Category as well as our established reputation as long-term supplier to Boeing programs were major factors in Spirit's decision," said Peter M. Hoffman, HITCO President. "We have also performed as a Risk Mitigation Supplier for similar components to other Tier I firms on the Dreamliner Program. We are certain that our investments in automated manufacturing equipment, which support the projected increased build rate of the 787 Program, continue to be instrumental in fulfilling our goal of becoming a world class Tier II Supplier to the aerospace industry," Hoffman concluded. HITCO is approved to Boeing Process Specification BAC 5578.

About HITCO Carbon Composites, Inc.

HITCO Carbon Composites, Inc. was founded in 1922 and manufactures advanced composite materials primarily for aerospace and defense applications.  HITCO continues to be an innovative leader in the advancement of carbon composite technologies and continues to strategically focus within the SGL Group on new projects for aerospace/aircraft and defense applications.

About SGL Group – The Carbon Company

The SGL Group is one of the world’s leading manufacturers of carbon-based products. It has a  comprehensive portfolio ranging from carbon and graphite products to carbon fibers and composites. SGL Group’s core competencies are its expertise in high-temperature technology as well as its applications and engineering know-how gained over many years. These competencies enable  the Company to make full use of its broad material base. SGL Group’s carbon-based materials combine several unique properties such as electrical and thermal conductivity, heat and corrosion resistance as well as high mechanical strength combined with low weight. Due to the paradigm shift in the use of materials as a result of the worldwide shortage of energy and raw materials, there is a growing demand for SGL Group’s high-performance materials and products from an increasing number of industries. Carbon and graphite products are  used whenever other materials such as steel, aluminum, copper, plastics, wood etc. fail due to their limited properties. Products from the SGL Group are used predominantly in the steel, aluminum, automotive, chemical and glass/ceramics industries. However, manufacturers in the semiconductor, battery, solar/wind energy, environmental protection, aerospace and defense industries as well as in the nuclear energy industry also figure among the Company’s customers.

With 40 production sites in Europe, North America and Asia as well as a service network covering more than 100 countries, the SGL Group is a company with a global presence. In 2007, the Company’s workforce of around 5,900 generated sales of € 1.4 billion. The Company’s head office is located in Wiesbaden/Germany.

Important note:

This press release contains statements on future developments that are based on currently available information and that involve risks and uncertainties that could lead to actual results deviating from these forward-looking statements. The statements on future developments are not to be understood as guarantees. The future developments and events are dependent on a number of factors, they include various risks and unanticipated circumstances and are based on assumptions that may not be correct. These risks and uncertainties include, for example, unforeseeable changes in political, economic and business conditions, particularly in the area of electrosteel production, the competitive situation, interest rate and currency developments, technological developments and other risks and unanticipated circumstances. We see other risks in price developments, unexpected developments relating to acquired and consolidated companies and in the ongoing cost optimization programs. SGL Group does not intend to update these forward-looking statements.